AI revolution: Mass layoffs in the tech industry threaten!

AI revolution: Mass layoffs in the tech industry threaten!

Silicon Valley, USA - What drives our modern world of work? The technology area is currently characterized by artificial intelligence (AI) and the associated upheavals. The way work is done is changing rapidly. Large companies such as Klarna, Duolingo and Amazon are now relying on AI, which leads to massive layoffs, while the discussion about their effects is intensifying in Silicon Valley and beyond. An analysis by Power Electronics shows that adaptation to new technologies is crucial in order not to fall behind in this dynamic environment.

But what about the hiring of managers? A report by Forbes reveals that many management persons on the labor market by Ki simply ignore. While companies such as IBM have already reduced 8,000 jobs and Amazon had to adjust the job requirements equally, there is a significant imbalance in dealing with the challenges that AI entails. An overwhelming number of business executives believes that they are not personally affected by the changes.

The general store of technological developments

The progress in the field of AI is not only driving this change in the tech industry, but also have far-reaching effects on other sectors such as finance and services. According to an analysis of bpb , AI-based automation could threaten up to half of all entry-level jobs in the office area. A survey has shown that up to two thirds of the vacancies with AI cover remain vacant, which shows that there is a lack of specialists to support the new technologies.

In a world in which AI has increasingly influence, skills are required that focus on implementation and dealing with these technologies. The employees are expected to adapt and learn AI tools to remain competitive. This applies in particular to developers, engineers and designers who have to deal with automation processes.

human-machine cooperation

What does that mean specifically? According to Dario Amodei, CEO of Anthropic, the introduction of strong KIs can increase unemployment up to 20 %, while many companies do not feel up to the growing need for AI specialists. But Ki is not only an issue in the Tech world. The challenge is noticeable across Europe: In May 2023, the EU Parliament introduced a law to regulate AI risks to take advantage of opportunities and minimize possible dangers.

In all of this, the question of loss of job and job -related uncertainties is a constant companion. While AI is able to supplement or completely replace human work, new fields of activity also open up. Companies recognize the potential of the AI, but are often unsure about the best areas of application.

Current reports show that the number of layoffs in the tech industry rises rapidly with over 63,000 jobs that have already been eliminated. There is a race in which employees who take initiative and further qualify. Competencies around AI are not only a plus, but now essential to do good business and increase your own job security.